# @blackrock on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=ZGpfRTNvNp0
- **Gondola URL:** https://gondola.cc/posts/64683056-blackrock-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/2b8af66c9a.jpg
- **Posted:** 2026-04-10T04:00:00.000+00:00
- **Account Owner:** BlackRock (@BlackRock) — https://gondola.cc/BlackRock

## Caption

The S&P 493 is gaining attention as investors look beyond the Magnificent Seven and reassess where growth and diversification may come from in today’s equity markets. With market concentration at historic highs, a handful of mega cap companies have driven much of the S&P 500’s returns, raising questions about what lies beneath the surface.

In this episode of The Bid, host Oscar Pulido speaks with Ibrahim Kanan, Head of the U.S. Core Equity Team within BlackRock’s Fundamental Equities Group, about the growing relevance of the S&P 493 — the broader set of companies outside the largest names. They explore how market concentration has evolved, why a $200 billion company represents only a small fraction of the index, and what that means for portfolio exposure.

The conversation highlights how earnings growth is beginning to broaden beyond mega cap stocks, supported in part by the expanding impact of AI investment across sectors. From industrials and healthcare to consumer and financials, companies are both benefiting from AI infrastructure spending and adopting AI to improve operations. As dispersion across companies increases, the discussion also examines how active investing, differentiation, and stock selection may play a larger role in navigating today’s equity market.

Key moments in this episode:
00:00 Introduction
00:59 How Extreme Is Concentration
03:13 Market concentration and the Magnificent Seven
05:08 Earnings growth divergence and convergence
07:06 How AI is broadening across sectors
10:32 AI Winners And Losers
13:26 Where To Find US Equity Opportunities
14:53 Catalysts Beyond AI
16:05 Diversification Mirage Explained
18:34 Investor Mindset In Volatility
20:30 Key Takeaways And Wrap Up

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#S&P500 #magnificentseven #mag7 #USequities #aiinvesting 

Sources: BlackRock Fundamental Equities with data from FactSet and Bloomberg as of 12/31/25; Yahoo Finance, Stock Prices for NVDA and HAS, US ISM Manufacturing PMI 2026; “Here's the Average Stock Market Return in the Last 15 Years and What Wall Street Expects in 2025”, Yahoo Finance January 2025; “‘Magnificent-7’ Q4 2024 Earnings Review: Growth Holds, but Rotation Awaits” LSEG March 2025

This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures

## Stats

- **Views:** 1,316
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## Tags

magnificentseven, usequities, aiinvesting, s, mag7

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